lines here i am math u.s. real estate sector could bring banking crisis two point zero and banking system on verge of new crisis according to a hedge fund manager in the u.k. so this is a hedge fund manager in the u.k. is no star capital and they've taken a massive short positions against a bunch of european banks because first of all they believe that the so-called stress tests on the banks here were totally bogus that there are for example six percent of tear one capital in these banks but actually less than two percent well what got the whole crisis started was a collapse in the real estate market as a result of wall street kwanza the finance scheming and to try to clean up all the bad mortgages paper washington in the federal reserve did a deal where they put on the federal reserve balance sheet trillions of dollars of bad debt turns up a bed that is even worse than they thought and there's another many more trillion on the banks' balance sheet so we're going to talk about another down leg of the

real estate market china by the way their stress test assume a sixty percent mark down in real estate they're doing real stress tests but the u.s. and the u.k. these european banks are not doing real stress tests another huge don't like for real estate which means as you point out another huge extortion narry confronted with congress for another ten to fifteen trillion in money to bail out these guys but the i.m.f. and then this hedge fund in the u.k. are saying it's the biggest danger is however the u.s. housing market and we've warned about this for quite a while too because remember it was the subprime mortgage crisis that happened first and those were the very bottom of the mortgage lending ranks and now the next leg is the old a it's called these are you know also liar loans but they're from the upper middle class allegedly upper middle class so they were allowed to have bigger mortgages and these you can see in the charts here that credit suisse in february was warning and you see the charts were in the very first. rise up and

then there's a little bit of a law all in the towards the end of the year in terms of resets on these mortgages but next year you see this giant everest like mountain of resets coming the fault is with the banks not the people borrowing the money if the casino who has given you chips to go bet if they take your money and they bet it on some global casino racket the derivatives market they lose money it's not for the casino then to go back to the customer where they stole the money from to begin with and tell them that's their fault and to beat them up and to steal more of their money no they made the mistake these wall street banks are these washington politicians who stole the money from the retail borrower to begin with and then blew it on the global derivatives casino exchange they're now saying well it's not it's the fault of the people who borrowed the money to begin with no it's not their fault that your fault because you are you are an idiot for having stolen the money to begin with and then blowing it again going on the global derivatives market you're you're a you're

a derivative a hall and you're a gamble hall of goldman sachs j.p. morgan b.p. being. bank the whole lot of you you should all go into rehab because your gamble all x. and b.'s just locked up for years until you learn to overcome your gambling addiction well max another sign that we may be about to encounter a second heist of the us taxpayer is this headline market data firm spots the tracks of bizarre robot trader now mysterious impossible in the ferias trading algorithms are operating every minute of every day in the nation's stock exchanges and this is according to this chart you see here and this is the services firm that has put together all the background noise happening in the markets and those are algorithms trading there that's right robot traders algorithmic traders that are programmed to commit larceny. in the name of meal liberalism or some other

out of date ideology for the fundamentalist bankers on wall street who are willing to blow themselves up there are suicide bankers they use these these are like drones when they send the drones into afghanistan or some other country they just kill people without any regard to what they're doing they're just blindly killing people wall street has these robotic training robots that are executing trains that are designed to steal money they don't care who they steal the money from even from themselves yes but max the article that we're discussing here they speak to several professors that say you panned a very famous business school and none of them critics understand what this constant her like thing is now i have a theory that it's perhaps even the u.s. government just giving a heartbeat to the markets that are effectively dead there's nothing there unless other than this artificial heart what we know that seventy percent of the trading activity in the new york stock exchange is program trading and all of it is they

set up accounts and they have these robots trading with each other and as i wrote wrote about on a blog you see as part of this new model of the whole graphic pricing wall street first picks a price and then they have the robots fill in the trades to get to that price it's a complete opposite of free market capitalism or the virus the sollars come together and the result is the price no that's not the way it works anymore now the price is set first by the corrupt bankers on wall street then the bodies of the cells are filled in by computers after the fact to make it look like that price is legitimate when it wasn't legitimate it's a commanding control centrally planned clip takar see run out of wall street the city of london for a few people it's killing society it's killing the ecology but also if you look again at this chart like the consonants the heart beat like quality of this and i think perhaps you could look at maybe the may sixth flash crash you know thousand point drop in the data as perhaps the forerunner to see how terrorize the population. it would be and what they would be willing to accept under those

circumstances so are you just being lulled into this false sense of a genuine constant heartbeat that they could then pull the plug on and create panic that's exactly what happened on may sixth the computers went through a glitch the buying and sun with each other evaporated and stocks hit a vacuum and drop six one thousand points in fifteen minutes so we've got a frankenstein monster stalking the global economy that's programmed to commit larceny and disrupt the economies around the world for him the robotic itself is without a conscience explains that there was actually another kind of test run on july sixteenth in a quiet hour before the markets even opened suddenly he saw a huge spike in bandwidth on his own system monitoring this algorithm there when they looked at the data they found that eighty four thousand quotes for each of three hundred thirty under twenty seconds he says quote this all happened

pre-market when volume is low but if this kind of burst had come in at a time when we were getting hit hardest i guarantee it would have caused delays in the central quotation system while examine that statement they were doing trades quote before the market opens that's absurd when you mean before the market opens the market opens and trading commences based on legitimate buyers and legitimate sellers looking to transact business you can't have trades before the market opens and most are using phantom traders phantom money phantom money from the fed phantom money from the treasury and you're rigging the market like a casino and you answer only to yourself and you run the system out of washington to wall street oh and by the way you're a psychotic gamble hauling with unlimited credit and zero percent interest rates any pay nothing for commissions and so it's amazing that goldman sachs doesn't make more money. i mean given that circumstance is a resource monkey could make

a billion dollars just by getting like this you know basically what are they doing it's just a pleasure in themselves you know using the market as a as a mechanism to do so it's absolutely pornography it's financial pornography as we've discussed on this show these guys are basically the equivalent morally of the most average elements of society lloyd blankfein i should be going door to door and telling people today we heard that he's a moral pornographer and a financial pornographer and let people know in his neighborhood that somebody in their neighborhood lives in their neighborhood who's a financial pornographer well if you did mention washington and i have this final headline extend to pretend the obama administration's failed foreclosure program so yes it turns out that the obama administration is using the exact same methodology of the wall street banks basically accounting fraud it's just extended to ten none of the bad debts have gone way where the monster is being kept alive by an

algorithm that creates a false heartbeat risa characterized as saying ungodly mass of paper that they say has value of one hundred cents on the dollar but really is worth about zero cents on the dollar just keep rolling it forward preventing it's there you know it's like that huge toxic plastic waste dump in the middle the pacific ocean or how about the dead zone down the gulf of mexico thanks to b.p. it's a financial dead zone that they keep rolling over and bernanke to keep rates near zero because he's part of the psychotic gang a financial terrorist ben bernanke inc all right stacey thanks so much for being on the kaiser report thank you max don't go away when we come back we'll be speaking with someone who actually has got some ideas for you to protect yourself against financial terrorism so stay there. discoveries.

communicate with the wind. still sound and become free. see what nature can give you on the. housing market. car appliances it's only here until they come to visit you. do you think the property bought on credit really belongs to you. welcome back to the kaiser report time now to go to amsterdam to talk with brett keogh vander ak a documentary filmmaker whose most recent film is time for change

on the pro international in the netherlands a film travels from barcelona to lafayette to carson to look at people responding to the banking crisis by taking matters into their own hands i just saw the film again recently it's really a remarkable piece of filmmaking welcome to the show. all right tell us about time for change why did you make it and what did you discover along the way well it kind of started working on the project because i felt that some parts of the crisis the economic crisis are under reported that we hear not about what's happening to financial institutions or to finance but i think one of the things we don't hear so much about these were people are jury to kind of reinvent their life now did they don't trust financial institutions. anymore i think i know where your world you see people taking initiatives and coming up with kind of alternative structures not to depend on financial institutions and on currencies anymore that's right there is

certainly a need to perpetrate a certain meth in terms of how the system can operate and can only operate a certain way and what the film discovers is that there are many ways to operate crossing many different cultures civilisations and historically now let's talk about what's going on in jakarta the golden arm of the silver during very interesting because this is exactly what libertarians and ron paul like ron paul in the united states are talking about the only real true example of it isn't islamic jakarta tell us about it right well i think it's not the only example because worldwide you probably know your thousands of local currency system you are trying to to experiment with their currency you get these not connected to be able financial systems and that will work for a local community but i was interested in the girl dinar and the silver deerhound because they are connected to islam in islam it's not marginal and one hundred s. we all know you know it's

a one billion procreation right and. inject car tire and i met same saidee and he's a journalist public affairs and you know work a thinker and he's been working on this project for introducing and to get home and to being our sort of gold and silver currency in a kind of general matter based. thinking and the idea is for him it's both political and religious and he feels that now gold is too much in the hand to reach people and there's been a lot of inflation in indonesia so another poor people are seeing paper money working hard to earn a little bit of their paper money back and as they say don't have it's kind of not worth much anymore after a year or two it loses already ten twenty percent of its value so what he said. you know why don't you buy gold currency and why did you buy silver currency and then we you it will keep its value right so this is this debate in america right now

between inflation and deflation the wall street journal recently saying basically that the deflation camp has won the day but in other countries like. in jakarta inflation that is to say the debasement of the paper money is running rampant and exactly what you'd expect would happen is happening the purchasing power is collapsing and you find out some smart entrepreneurs' have taken the role what should be the central bank and taken it out of themselves they've introduced their own gold and silver coins this is what they use as a medium of exchange they are maintaining their purchasing power as the the man in the film says that the the gold dinar could buy him i believe it was two goats going back several years even even fifty or one hundred years and today that same gold are can still buy two goats so in other words that the currency maintains its purchasing power and it's right there are alive in jakarta and as you point out

this is the remarkable thing because shariah law islamic law has always looked down on usury money lending i think i would just think it is not just smart entrepreneurs trying to make an investment decision or help people you know think about where to store your surplus money it's really also a kind of moral and political few points to to islam and to the core and since their money should not be purchased all its money is exchanged fairly or it should be used to exchange groups rather you know virtual realities and so also do say give you sure to mention it's very strong and it's not under money cannot be used to make more money you know money is just a means of exchange so in bringing in gold and. silver standard again he's saying this is what really what money is it should be used to exchange groups is just a means not an end in itself so it has a moral and political connotations well yes it's remarkable because right there in

the united states constitution it says no money shall be of any medium other than gold and silver it's hard coded because america revolted against britain to get away from the bank of england to get away from fractional reserve funny money that's part of the reason as brant franklin said the primary reason that they started the united states of america now they're enslaved by a federal reserve system that's not even owned by america it's owned by foreign interests and now of course in america the entire islamic culture and religion have been completely vilified but as you point out in the qur'an they say things that are exactly in the u.s. constitution they recognize gold and money is the only viable medium of exchange that wall prevent the kind of ponzi scheme market manipulation insider trading we see on wall street the city of london perpetrated by the the shocks and the schnucks you know associates down there at the various banks that we always talk

about so it's remarkable to me that ron paul if you were really to be honest is that hearing to the tenants of the qur'an is it clear exactly and also interests there it's not going to turkey interest in. exactly and this is interesting also in this law nick world because to try to keep up with various banks around the world they've called in the mood to try to interpret cronic law to see whether they couldn't create the rivet have to go to go with that so there is a market for removal laws to try and look at this stuff but one of the reasons why these banks these are slamming banks say out through the crisis of the past two or three years is because for this very reason they weren't stacked up with all these hundreds of billions and trillions in derivatives now let's move on regarding the. pallo banking systems the analyst you speak to in the film he concludes the following we're going to play a little ten second clip let's play that clip right now the change we have

knowledge between testing banks or testing people most people still hate banks but they trust them more than they were on the clip just says something interesting that people even though they hate bankers they trust bankers more than they do their neighbor now i've got my thoughts on this but speak a little bit about this place well i think it's my new car sales a sociologist who is saying this and i think that he sees from all kind of empirical research that people are losing trust in institutions not just in financial institutions but also in political institutions they go to quote glass and they felt very predictably they felt put efficiency in and out of power you know by the year to change loyalties and alliances because they don't trust institutions but then the question is always what is steel turn it to you know can we do without and can we do without banks can we do without well it exploded titian's is hard to imagine out there hit and run up the reasons it's hard to

imagine is that to rebuild a different structure means that you have to rebuild it we face your neighbors or we see your community and in your community and that's not something that we've been doing much lately most of us especially not in this western part of the world in europe and in america i think so in a way i think we've lost interest in the institutions we should i guess involved in the process of rebuilding trust in each other in our neighbors but this is something that's going to take a long time because i think you know many people have got now to start with their neighbors most of us live in cities now marra they have the world population then it's not so easy to imagine community. building from the ground up and i have been doing a new documentary know st louis where you actually do see a lot of people trying you know you see people starting to build new communities

that are based on the idea that they don't want to depend on the system so to say so people buying homes that have been for clothes for a very narrow price starting urban farms starting problem you starting getting to care you know child care services share responsibility for tier care trying to get away from using cars using bikes more leaping more you know crazy and eating food that is grown locally and you know way too meager sounds like you know growing back but in in another way it's maybe back to the future because i think to go forwards on the practive we're going to see that very clearly in the senses it's a dead end street you know it will end so i think those who are able to prepare themselves will turn in their systems or need to raise if they will be better oh i remember a story recently of a garden an urban garden and compton a ghetto in los angeles that was ripped up and paved over and the government came in and destroyed it and the government knows that if they stir up hate that they

can control the population and they can charge rent their rent seekers because the government is number of the banks and the banks are pernicious predatory rent seekers and they'll do it any way they possibly can so it's not that people are not naturally going to gravitate toward solve sustaining communities that's in their d.n.a. the problem is they've got you've got clipped a kratz running the government in america and other countries around the world who are hell bent on destroying any community sustainable programs so the matter how many gardens you start no matter how many soup kitchens and health care and community classes that you begin you still have to deal with the gestapo that is the u.s. government. storm jumping in and destroying it in your face because they don't make hatred makes money for them they make more money on hate than than anything else so how do you how do you deal with that i don't necessarily feel that's the case

because i think the in america when i signed on saying to those government it's much less powerful over people's lives daily lives than it is it's also offering his services stock offering very good probably good to cation it's not offering a very good public transportation system and people are not willing to pay more taxes to have that but the other side of that that there is more freedom and there definitely is the possibility i think to cut yourself more you loose from the system and to organize things the way you want and i interviewed one roland that i think she is kind of a visionary and she said you know it's always better to apologize and to ask permission so that's what a lot of people are doing and i said i said it's under reported it's not so much in the media but another of people are doing this on a very dark scale they're just doing things that are verging on the illegal that are not necessarily legal or even written about in the us and they're just inventing new lifestyles and it's not so easy to to stormtrooper in and get

rid of that you know i mean how do you know first of all if it's not it's not register it is just starting on a very small scale and you know doing it so i don't know we have to see it's hard to to really predict how this will go and how think you'll react and there is also something like you know not so much the political power of the people this is definitely not in america but i think the kind of power of consumers and of mentality change you know if people really don't trust banks and don't trust institutions i think at some point but efficient have to react and something will slowly shift you know and if the politicians don't react that people will find other ways to deal with that well i mean there was a utopian vision once two hundred thirty. years ago called america now it's controlled by the kleptocrats it's all gone and so i just see this cycle repeating again and again until you do what iceland i think i saw as an intern story but we

can't we don't have time to talk about that today ricky a vulgar hack thanks so much for being on the kaiser report. already and that's going to do it for this edition of the kaiser report i want to thank stacy herbert and i want to thank my guest brekky avenger heck and so next time this is max kaiser wishing you all don't forget i mean email if you want to send me one the address is kaiser report at r t t v are you until next time thanks guys are saying bio.

r.t. continues to cover the wildfires raging in parts of russia destroying homes villages and why there's still no end in sight for the scorched country despite the efforts of thousands of. soldiers and volunteers.

confession extortion youngest prisoner detained just fifteen is facing military trial for crimes he says he was tortured into admitting. persons all the most watched people in the more c.c.t.v. cameras capita than any other nation and it's here at the university of the new in-flight surveillance system is being developed big brother is watching you. violent systems on airplanes and a british human rights campaigners for violating privacy. also reporting the freedom denied us prisoners who've been granted parole seeing the overturned victim to political. life from a studio in central moscow this is twenty four hours a day the toxic cloud of small that's been hanging over moscow seems to be

retreating due to a change in wind direction but city residents are concerned it could soon return as wildfires is still raging in over twenty regions of the country. the military and volunteers are working twenty four seven to stop the flames spreading and put out the blazes but he said he has visited some of the devastated villages where help came too late. we're about one hundred fifty kilometers southeast of moscow and one of the worst affected areas due to these fires we managed to find one of the few remaining standing homes if that's what you can call it really on this block that we found that's been destroyed completely i just want to take a look inside with you can see the stove which is still out where the floor was the entire floor has collapsed in of course the chimney is still standing which is the case in many of these fires and then someone's bad of course you have to remember it's just a bad but someone left in this bed and then the next day there everything they

owned everything they knew was destroyed in a matter of minutes let's take a look now at the surrounding areas of this house and what was probably this family's farm area it's been completely destroyed you can see the entire earth here is blackened and then you go over to what was obviously this family's neighboring family and their entire house has been leveled only the chimney is standing as you can see this is of course you have to remember the picture across russia this is not just where things like this have happened we're getting estimates now that to rebuild the destruction that has already been done remembering that these fires are continuing is some fifteen billion dollars so this has been a tremendous tragedy for russian and of course for the people for russia rather and of course for the people of russia and it's not clear when this is going to end and how authorities will eventually get the situation under control the tragedy has united people in their fight for relief from the fall of devastation those compelled to help organized.